Author: Admin
The June 19 federal holiday falls on a Friday this year. Here’s how trading hours and other services are affected.
USD/IDR depreciates after three days of consecutive gains, trading around 17,840 during the Asian hours on Friday. However, the Indonesian Rupiah (IDR) and local equities face heightened risk after Morgan Stanley Capital International (MSCI) raised serious concerns regarding the country’s investability, pointing to coordinated trading and opaque shareholdings.This warning exacerbates pressure on Indonesia, currently the world’s worst-performing major stock market, just ahead of MSCI’s upcoming market classification review. A potential downgrade from emerging to frontier market status next week could trigger massive institutional sell-offs, potentially driving up to $13 billion in outflows. This follows an already rocky year, with foreign…
The Federal Reserve is in a “new era,” but home buyers are facing the same old affordability challenges.
Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake loosening and improved European growth expectations. The bank now sees Europe’s outlook dampened by inflationary effects from the Strait of Hormuz closure and expects ECB growth forecasts to be revised lower. Rabobank maintains below-consensus EUR/USD projections, with a 3‑month target of 1.16.Euro’s role and tempered outlook”In our view, the EUR’s part in the strong directional move higher in EUR/USD last year is often underestimated. While the USD’s fall last year has been well documented, the EUR had a…
Tech giants are gobbling up memory chips for AI servers, leaving Apple with soaring component costs that Tim Cook says will inevitably be passed on to consumers.
Got old jewellery tucked away at home? Here’s why so many Logan locals turn to Cash Your Gold. Read on. When you plan to sell your precious metal, it usually comes down to one thing: not knowing who to trust. Gold buying is an industry where clarity isn’t always guaranteed. You wonder whether the offer will be fair, whether you’ll understand what’s happening, and whether you’ll feel pressured into a decision before you’re ready. For someone selling gold for the first time, those concerns are completely understandable. Cash Your Gold has been a familiar and trusted name for locals in…
The Federal Reserve (Fed) left the federal funds rate at 3.50% to 3.75% on Wednesday, but the hold was the least interesting part of Kevin Warsh’s first meeting as Chair. The Federal Open Market Committee (FOMC) delivered it on a unanimous 12 to 0 vote, a sharp break from April’s fractured 8 to 4 split, and the statement dropped its easing bias entirely. The language on the timing of future adjustments vanished, replaced by a flat pledge to restore price stability.The updated Summary of Economic Projections (SEP) did the real damage. The median 2026 federal funds projection jumped to roughly…
The Trump administration and Iran have agreed on a framework for a peace deal. As everyone waits for the text of the framework to get released, here is a rundown of what the key points are for markets.
Here’s our simple checklist to help you walk in prepared and walk out with a confident gold-selling experience. Selling gold for the first time can feel a bit uncertain. You’re not always sure what it’s worth, how the price is decided, or what to expect when you walk into a store. Please know that it doesn’t have to be complicated. A little preparation goes a long way in making sure you feel confident, informed, and in control of the process. Why Preparation Matters Before Selling Gold When you understand the basics, you’re far less likely to feel rushed or confused.…
Gold price (XAU/USD) holds positive ground around $4,335 during the early Asian session on Wednesday. The precious metal rebounds from its lowest levels of the year, which reached last week after the United States (US) and Iran had agreed on a framework deal to end the war. All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday. Washington and Tehran are preparing to formally sign an interim peace deal that’s left both sides claiming victory, per Bloomberg. A US official said the full accord may be published in the next two days ahead of a…